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Prices & Quotes - UK Markets - Wood Group (John) (WG.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
296.60p
Change Today:
0.000p
Market Cap:
2,031.53m
Sector:
Oil Equipment, Services & Distribution

Wood Group secures $200m solar EPC contract with US energy firm

By Iain Gilbert

Date: Tuesday 16 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Engineering and consulting company Wood Group has secured two solar engineering, procurement and construction contracts worth over $200m.
Wood Group said on Tuesday that it had been selected to deliver two major solar projects in the US state of Virginia by an unnamed American power and energy company following a competitive tender process.

The FTSE 250-listed firm said its first project covered a 120-megawatt solar facility in Pittsylvania County, expected to be operational in 2022, while the second was for a 70-megawatt solar facility in Chesapeake, which was set to be operational in late 2021.

Stephanie Cox chief executive of Wood's Asset Solutions Americas business, said: "These contracts build on a 10-year relationship with our client, for whom we've executed more than 40 projects.

"We are seeing an unstoppable momentum towards a lower-carbon energy environment and Wood is proud to partner with clients that are committed to investing in a sustainable energy future."

The contract awards also follow a series of other recent wins, including $100m of onshore wind projects, that will see Wood's US renewables business double in size during 2020.

As of 0905 BST, Wood shares were up 9.14% at 230.18p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

WG. Market Data

Currency UK Pounds
Price 296.60p
Change Today 0.000p
52 Week High 421.70p
52 Week Low 135.45p
Volume 0
Shares Issued 684.94m
Market Cap 2,031.53m

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WG. Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 25-Apr-19
Paid 26-Sep-19 16-May-19
Amount 11.40¢ 23.70¢

Trades

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WG. Key Personnel

CEO Robin Watson
CFO David Kemp
Chair Roy Franklin